Ninjastic
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Board Mining speculation
Re: I have just pulled out my 1.5 btc from bitstamp and invested in the zenminers
by
iohutom
on 18/09/2014, 09:06:05 UTC
Quote from: Searing on September 18, 2014, 08:47:15 AM
Quote from: iohutom on September 18, 2014, 08:41:30 AM
Quote from: Searing on September 18, 2014, 08:22:28 AM
Quote from: iohutom on September 18, 2014, 08:06:22 AM
Quote from: iohutom on September 18, 2014, 02:39:24 AM
With the exchange price plummeting recently, I don't expect the exchange rate to go up anytime soon. So I have decided to pull out my 1.5 btc and buy some of the zenminers to generate at least a positive flow of btc.

The bad news is the price for the miners is not flat rate in btc but still in exchange of usd value at current exchange rate. However it's still worth trying rather than holding the btc and hoping it will rise.

What do you guys think? Is it a good move or a bad one?

Thanks.
Well, if I calculated correctly, with my 1.5 btc investment in zenminers, i can get a return of 0.015BTC/day, which means the investment is as good as holding the btc while the current btc price doubles in about 3 months  Smiley

Am I correct?

KNC Titans are coming out this week.....by zen miner I assume you mean a machine not cloud hashing etc....you'd be better off buying coin imho
just trying to warn you as a 10.3k 300mh (no refund no compensation) KNC Titan unit coming this week or next

oh well its a toy to play with alts ....but ROI no way...and they have a lot of this hitting the skids equip wise imho

just saying good luck



Thanks for the info, I am still new into cryptocurrency mining thing. By zen miner I do mean the cloud mining hashlests that they sell, and I don't quite understand how mining in alts can get me btc as well. The 1.5 btc in bitstamp will be sitting there uselessly if the price of btc continues to drop so I figured why not generate some btc by mining with the 1.5 btc that I have. Further more on their website I can also sell the hashlets at about 80% of the buy price so I could still pull out my btc after I make 20% of ROI without making a loss.

Hope I was right about it.

well I know a guy that is selling now..but he bought at the 16 usd price he told me the price now is 39 usd...so i'd be wary...again prob better off just holding the 1.5 btc imho...BTC will either go back over 500 someday or the whole thing was unicorns/beanie babies and fairy dust imho...

anyway good luck ...all newbies get a miner first imho guess it goes for the same with cloud hashing stuff....(funny how you can plunk down 7.5k for a knc 550gh last fall but the thought of 7.5k at 450 usd on www.coinbase.com for coin and now you pucker up in unpleasant places...go figure

me I'm holding even if it goes to $1 usd (more btc for me!..damn I'm one sick puppy).....balls to the wall



Yes, I do agree that investing in hardware mining is a losing game now compared to last fall (i guess you'd make few hundred coins by now if you bought the 550gh knc last fall). And everybody is now saying "buy coins directly rather than mining", however I will not buy any coins until I am sure the price is at it's true bottom ($1 would be quite impossible I'd say, but perhaps in the range of 200~300 maybe?)